Friday, September 26, 2014

Federal Trade Commission brings lawsuit against Big Pharma over 'pay to delay' practice


http://www.dailykos.com/story/2014/09/23/1331862/-Federal-Trade-Commission-brings-lawsuit-against-Big-Pharma-over-pay-to-delay-practice?detail=email


Pill bottle labeled


You can file this under "Finally!"
For the first time since the U.S. Supreme Court ruled last year that so-called pay-to-delay deals may be subject to greater antitrust scrutiny, the U.S. Federal Trade Commission has filed a lawsuit charging drug makers with violating anti-trust laws and hurting consumers in their collective pocketbooks.
"Pay to delay" deals are where big pharmaceutical companies pay money to generic-drug manufacturers to delay producing said generic drug. This allows the brand-name company to continue to reap high-priced medication profits, sans competition, long after their patent has expired. That's clearly illegal, right?
In these deals, a brand-name drug maker settles with a generic rival in exchange for ending patent litigation and launching a copycat medicine at a future date. The pharmaceutical industry contends the deals are not only legal, but actually allow drugs to reach consumers faster than if litigation continued.

yeah it is about time thank God I get my meds free from VA but I know others not so fortunate that have to get partial prescription counts because full script is to much to afford some can die others health fails from under dosing, but it's okay because big pharma is getting paid.  surprised that right wing leaning scotus voted it down that kind of thing you know big business gauging "we the people"  to make a few dollars more is part of their party manifesto.